CHARIS REALTY GROUP

Traditional

320 ATLANTIC STREET SE

WASHINGTON, DC 20032

MLS#: DCDC2255204

$449,000

Status: Active
Listing number: DCDC2255204
Listing provided by: Keller Williams Capital Properties
Listing agent phone: None
Last update: 9 days ago
On site: 21 days ago
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Property

Beds

2

Full Baths

None

1/2 Baths

None

Year Built

1947

Sq.Footage

2,222

STABILIZED DUPLEX WITH ADMINISTRATIVE & PHYSICAL UPSIDE. Positioned for the savvy owner-occupant or investor, this semi-detached duplex offers a rare combination of significant size and immediate cash flow. The Upper Unit: Spanning two levels, this expansive 5-Bedroom/2-Bathroom unit is currently occupied and generating $2,377/month in guaranteed income through the Housing Choice Voucher Program. There is immediate room to request a rent increase through the "Rent Reasonableness" process to align the 5-bedroom footprint with current sub-market benchmarks, providing a clear path to increased gross rent without additional capital expenditure. THE LOWER UNIT: Recently updated and currently vacant, the lower-level 2-Bedroom unit features a fresh, neutral palette, a modern kitchen with white cabinetry, and new carpet. This unit is perfectly suited for an owner-occupant looking to house-hack or for an investor to place a new tenant at current market rates. Strategic Advantage: With one unit already stabilized and the other offering a "blank canvas," this property minimizes acquisition risk while offering two distinct paths to value-add appreciation.

Features & Amenities

Interior

  • Total Bedrooms

    2

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2160.0

  • Cooling YN

    YES

  • Cooling

    None, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.07

  • Lot Size(square feet)

    3125.0

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $449,000

  • Tax Amount

    $3,166

  • Sq. Footage

    2, 222

  • Price/SqFt

    $202

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Block

  • Sewer

    Public Sewer

  • Tax Lot

    3

  • Water Source

    Public

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Location

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Listing Courtesy of Abel M Gebremichael , Keller Williams Capital Properties

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Agent Rosie Dove

AGENT

Rosie Dove

Call Rosie today to schedule a private showing.

(301) 876-3341

rosietherealtor@charisrealty.com


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STABILIZED DUPLEX WITH ADMINISTRATIVE & PHYSICAL UPSIDE. Positioned for the savvy owner-occupant or investor, this semi-detached duplex offers a rare combination of significant size and immediate cash flow. The Upper Unit: Spanning two levels, this expansive 5-Bedroom/2-Bathroom unit is currently occupied and generating $2,377/month in guaranteed income through the Housing Choice Voucher Program. There is immediate room to request a rent increase through the "Rent Reasonableness" process to align the 5-bedroom footprint with current sub-market benchmarks, providing a clear path to increased gross rent without additional capital expenditure. THE LOWER UNIT: Recently updated and currently vacant, the lower-level 2-Bedroom unit features a fresh, neutral palette, a modern kitchen with white cabinetry, and new carpet. This unit is perfectly suited for an owner-occupant looking to house-hack or for an investor to place a new tenant at current market rates. Strategic Advantage: With one unit already stabilized and the other offering a "blank canvas," this property minimizes acquisition risk while offering two distinct paths to value-add appreciation.

320 ATLANTIC STREET SE

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